The sellers are Don Peebles and his wife Katrina; Mr. Peebles’s firm has a multi-billion-dollar portfolio of condo projects, hotels and office properties.

Real-estate developer Don Peebles and his wife Katrina are listing their home in Coral Gables, Fla. for $12.9 million.

The Mediterranean Revival-style property sits on 2.87 acres and comprises 15,795 square feet with 22 rooms including 10 bedrooms and 12½ bathrooms. It features marble floors, a home theater, a game room, a gym, a pool, a dining room for more than 20 and lighted tennis and basketball courts.

The master wing includes a large bedroom with a balcony overlooking the pool and the grounds.

The driveway is distinct for the nearly 100 oak trees that frame it, Mr. Peebles said. Although the ficus trees in the back garden were damaged during this season’s hurricanes, the oak trees have been standing strong for about a century, he said. A tree swing the couple built for their daughter is also intact, and the home is in good condition.

The couple bought the property for $5.45 million in 2004, public records show; Mr. Peebles said they put several million dollars into renovating it. It was still under construction when they bought it and designed by the previous owner as three homes under one roof to accommodate children from previous marriages. The couple combined the three residences into one.

He and his wife are selling because their 15-year-old daughter is pursuing her equestrian career in Wellington, and it doesn’t make sense to keep driving between the two cities. They are currently looking for a new home closer to Wellington, he said.\

Mr. Peebles’s company, the Peebles Corp., has offices in Miami and New York and owns a multi-billion-dollar portfolio of condo projects, hotels and office properties. A lifelong Democrat, he said he has hosted various political fundraisers at his homes.

Lourdes Alatriste and Irving Padron of Engel & Völkers Miami have the listing.